OOCL revenue up 7% in 2012

Tuesday, January 22, 2013

The liner carrier OOCL said Tuesday that fourth quarter 2012 revenues rose 5.6 percent year-on-year to $1.4 billion.
For the year, OOCL’s revenue rose 6.7 percent to $5.5 billion. The line’s container volume in the fourth quarter fell 0.7 percent to nearly 1.3 million TEUs, but for the year grew 3.7 percent to 5.2 million TEUs.
On a regional basis, the highest volume growth was seen in OOCL’s intra-Asia/Australia trades, while the transpacific grew by the smallest margin (1.8 percent to 1.3 million TEUs).
On a revenue basis, the intra-Asia/Australia trades saw 10 percent growth to $1.9 billion, making it the high-grossing region for OOCL, narrowly surpassing the revenue earned on the transpacific. Transatlantic revenue dipped 10.4 percent in the fourth quarter and 1 percent for the whole of 2012.
The line does not report profit/loss levels in its quarterly updates. - Eric Johnson